What is cash value life insurance policy?

Sadly, over 70% of the life insurance policies sold today are cash value policies. The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. Some life insurance plans also offer cash savings options, which means the sooner you begin saving, the sooner the cash value of the plan can begin growing. Permanent life insurance also offers a feature that's commonly viewed as a strong selling point: cash value.